PART 6LOANS FOR LIVING COSTS

Maximum amount of loans for new system eligible students with full entitlement40.

(1)

This regulation applies to a new system eligible student with full entitlement (other than a type 1 or type 2 teacher training student, whose contribution exceeds nil).

(2)

Subject to regulations 43 to 48, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year other than a final year of a course that is not an intensive course is equal to (X−Y) where—

  • X is—

    1. (i)

      for a student in category 1, £3,673;

    2. (ii)

      for a student in category 2, £6,648;

    3. (iii)

      for a student in category 3, £5,658;

    4. (iv)

      for a student in category 4, £5,658;

    5. (v)

      for a student in category 5, £4,745;

  • Y is the maintenance grant amount.

(3)

Subject to regulations 43 to 48, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year that is the final year of a course that is not an intensive course is equal to (X−Y) where—

  • X is—

    1. (i)

      for a student in category 1, £3,324;

    2. (ii)

      for a student in category 2, £6,053;

    3. (iii)

      for a student in category 3, £4,920;

    4. (iv)

      for a student in category 4, £4,920;

    5. (v)

      for a student in category 5, £4,396;

  • Y is the maintenance grant amount.

(4)

In this regulation, “the maintenance grant amount” (“swm y grant cynhaliaeth”) is—

(a)

where the student qualifies under regulation 36 for an amount of maintenance grant not exceeding £1,288, the amount of maintenance grant payable;

(b)

where the student qualifies under regulation 36 for an amount of maintenance grant exceeding £1,288, £1,288; and

(c)

where no maintenance grant is payable, nil.